Proactive Investors - Run By Investors For Investors

MTI Wireless Edge says Ginat Wave India unit secures first large scale orders, worth in total US$900,000

The AIM-listed group, focused on comprehensive communication and radio frequency solutions across multiple sectors, said the contracts are for the supply of antenna and cable harness
Wireless
MTI Wireless said that 50% of the orders will be supplied in 2019 and the remainder in 2020 and 2021

MTI Wireless Edge Ltd (LON:MWE) announced that Ginat Wave India Private, its offset manufacturing company in India, has secured its first large scale orders, with two contracts, totalling US$900,000, from two different customers.

The AIM-listed technology group, focused on comprehensive communication and radio frequency solutions across multiple sectors, said the contracts are for the supply of antenna and cable harness.

WATCH: MTI Wireless Edge to begin share repurchase programme

It added that 50% of the orders will be supplied in 2019 and the remainder in 2020 and 2021. 

Ariel Melamed, CEO of Ginat commented: “We have provided bids for few other projects and hopefully Ginat will become a significant manufacturer in the MTI Group as the demand for offset manufacturing in our business space in India is huge".  

View full MWE profile View Profile

MTI Wireless Timeline

Related Articles

Irrigation
Wed
The company’s products can be used for wireless and mobile internet applications, while its military hardware encompasses a range of tactical and specialised communications antennas
FPGA
March 04 2019
The company’s main focus is on the use of field-programmable gate array (FPGA) technology, a programmable system that helps to reduce pressure on computer processors
Radiation detection
May 08 2019
The company’s products are based on cadmium zinc telluride (CZT), an alloy used primarily for x-ray and gamma radiation detection, as well as other technologies

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use